Portfolio Investments — The Leading Investment Boutique of Uzbekistan

IPO & SPO Advisory • Privatization • M&A • Capital Markets We support key capital market transactions, combining deep local market expertise with international investment banking standards

Global Capital Markets. Local Expertise.

IPO & SPO Advisory • Privatization • M&A • Capital Markets We create financial solutions that help businesses raise capital, execute strategic deals and achieve sustainable growth.

Speed of decisions. Precise strategy.

IPO & SPO Advisory • Privatization • M&A • Capital Markets We create financial solutions that help businesses raise capital, implement strategic transactions, and achieve sustainable growth.

About the Company

Portfolio Investments

An independent investment boutique specializing in IPO/SPO advisory, privatization and M&A transactions, as well as strategic financial consulting in the Republic of Uzbekistan. The company advises government entities, financial institutions and corporate clients on structured transactions, capital raising and corporate transformations, combining deep local expertise with international investment banking standards.

Total deal volume advised1$1B+1

Completed projects150+1

Capital markets experience114 years1

Key Areas

We create financial solutions tailored to the specifics of Central Asian markets, the regulatory environment and clients' strategic objectives, helping companies efficiently raise capital and ensure sustainable growth.

IPO & SPO Advisory

Consulting on the preparation and implementation of share placements, interaction with investors and transaction structuring

IPO & SPO Advisory

Consulting on the preparation and implementation of share placements, interaction with investors and transaction structuring

Why Invest in Uzbekistan?

Uzbekistan is a dynamically developing country in the heart of the Silk Road, offering unique opportunities for international business and capital.

Key Projects

IPO / Capital Markets

The "People's IPO" of Uzbektelecom JSC, held in 2023, was a significant and, in many ways, groundbreaking event for the national capital market. The offering demonstrated high investor interest: demand for shares significantly exceeded supply, resulting in a 131% oversubscription. The participation of over 11,000 investors, including a wide range of retail participants, further confirmed the attractiveness of the transaction.

Bond Issuances

The debt capital instrument (DCM) in Uzbekistan. The years 2024–2026 have become a period of active market entry for both the public and private sectors.

Privatization Transactions

Finding a specific major investor (strategist) who will acquire a controlling stake. This is often used in the banking sector.

Professional Recognition

2023

Best investment intermediary for institutional investors (NAII)

2021

Best investment intermediary for institutional investors (NAII)

2018